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Three 'Rs' of Econometrics: Repetition, Reproduction and Replication

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  • Laura Camfield
  • Richard Palmer-Jones

Abstract

Development economics has become increasingly quantified in recent years, reflecting the aspirations of economists to practise hard science. We argue that standard applied econometric methodology lacks one key feature of the claim of science to be scientific, namely replication as part of independent confirmation of findings. Replication plays a large role in understanding the confidence we can place in the quantitative studies on which much policy advice rests, which is particularly salient in a UK context given the emphasis placed on evidence-based policy-making by the UK Department for International Development.

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  • Laura Camfield & Richard Palmer-Jones, 2013. "Three 'Rs' of Econometrics: Repetition, Reproduction and Replication," Journal of Development Studies, Taylor & Francis Journals, vol. 49(12), pages 1607-1614, December.
    • Handle: RePEc:taf:jdevst:v:49:y:2013:i:12:p:1607-1614
    DOI: 10.1080/00220388.2013.807504
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    References listed on IDEAS

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    1. Joshua D. Angrist & Jörn-Steffen Pischke, 2009. "Mostly Harmless Econometrics: An Empiricist's Companion," Economics Books, Princeton University Press, edition 1, number 8769.
    2. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "The Colonial Origins of Comparative Development: An Empirical Investigation," American Economic Review, American Economic Association, vol. 91(5), pages 1369-1401, December.
    3. Graham A. Davis, 2013. "Replicating Sachs and Warner's Working Papers on the Resource Curse," Journal of Development Studies, Taylor & Francis Journals, vol. 49(12), pages 1615-1630, December.
    4. Daron Acemoglu & Simon Johnson & James A. Robinson, 2012. "The Colonial Origins of Comparative Development: An Empirical Investigation: Reply," American Economic Review, American Economic Association, vol. 102(6), pages 3077-3110, October.
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    Cited by:

    1. Maren Duvendack & Richard W. Palmer-Jones & W. Robert Reed, 2015. "Replications in Economics: A Progress Report," Econ Journal Watch, Econ Journal Watch, vol. 12(2), pages 164–191-1, May.

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